Here’s something you don’t hear about on your 6 pm news. The amount of sovereign debt trading with a negative yield hits an all- time high. Yes folks, negative interest rates.
*FRENCH 10-YEAR BOND YIELD FALLS TO 0% FOR THE FIRST TIME
*SWEDISH 10-YEAR BOND YIELD FALLS TO 0% FOR FIRST TIME
*AUSTRIAN 10-YEAR BOND YIELD FALLS BELOW 0% FOR FIRST TIME
Are you seeing a trend here? Good, because whether you want to believe it or not, we’re going to be experiencing negative interest rates here too. It’s simply a matter of time.